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Hi everyone, after all this, we believe the right thing to do is to accept everyone into Startup School, so we're going to find a way to make this work. More in
by adora 8y ago
Hi everyone, after all this, we believe the right thing to do is to accept everyone into Startup School, so we're going to find a way to make this work. More info here: https://news.ycombinator.com/item?id=17806459 https://news.ycombinator.com/item?id=17806459
- deleted 8y ago[deleted]
- getcloser 8y agoNot sure if it make sense. No competition no fun.
- w_allDueRespect 8y agoHow does that make any sense? Now instead of competing with 3000 applicants, you're competing with 15000 for the $10,000. Your chances of winning the prize just decreased 5 fold.
- mc_lovin_ 8y agoFrom the email you’ll be able to use the company update feature so that you’ll also be eligible for one of the hundred $10k equity-free grant So I think the competition is still among the actually selected 3000 applicants and there will be one slot for the rest of them.
- maytc 8y agoGreat call! Thanks!
- sanjanamane 8y agoI got a rejected email first and then I got the accepted email with an apology. So I am assuming I was among the originally accepted startups, now since everyone is going to be accepted, the originally accepted startups will have a disadvantage and will we still get an advisor? The thing to rejoice is being accepted out of a pool of competition but now since everyone is accepted, its just something usual.
- madebydouglas 8y agothis is awesome! Let's go. Been an interesting day haha
- usurpedfounder 8y agoAdora, applaude YC's efforts to do the right thing! Admitted applicants, however, are getting a diluted experience; thus the solution takes away fairness from the admitted applicants. It's an impossible situation and all the time/energy YC is spending to fix it is incredible! Some suggestions: 1. Give the originally accepted applicants access to a separate pool of 100 $10k grants - so they have the same odds of accessing the grants. 2. If 1 isn't possible, try to think of other perks that the accepted pool gets access to (in addition to what was already offered to make up for the larger pool of people with access to the grants) 3. In tandem with 1 or 2, put some meritocratic constraints around all participants. In order to stay in start-up school, partcipants must read x book, conduct x experiments, etc. This way those who will really put effort into the program and be a part of the community will get to participate. After all, as Duckworth's book Grit outlines,and some research at Google, effort coupled with curiosity is an important predictor of success.